Report Update Apr 1, 2024

Colombia - Oxides of Boron and Boric Acids - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Market for Oxides Of Boron and Boric Acids 2024

Market Size for Oxides Of Boron and Boric Acids in Colombia

The Colombian market for oxides of boron and boric acids soared to $X in 2021, with an increase of 73% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a noticeable slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Exports of Oxides Of Boron and Boric Acids

Exports from Colombia

In 2021, approx. X tons of oxides of boron and boric acids were exported from Colombia; increasing by 113% on the previous year. Overall, exports saw a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, boron oxide and boric acid exports skyrocketed to $X in 2021. In general, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Ecuador (X tons), Panama (X kg) and Curacao (X kg) were the main destinations of boron oxide and boric acid exports from Colombia, together comprising 99% of total exports.

From 2012 to 2021, the biggest increases were recorded for Ecuador (with a CAGR of +31.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ecuador ($X) remains the key foreign market for oxides of boron and boric acids exports from Colombia, comprising 80% of total exports. The second position in the ranking was held by Panama ($X), with a 15% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Ecuador totaled +45.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+14.0% per year) and Curacao (+19.5% per year).

Export Prices by Country

The average export price for oxides of boron and boric acids stood at $X per ton in 2021, shrinking by -1.6% against the previous year. In general, the export price, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 84% against the previous year. As a result, the export price attained the peak level of $X per ton, and then contracted in the following year.

Prices varied noticeably country of destination: the country with the highest price was Curacao ($X per ton), while the average price for exports to Panama ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+10.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Oxides Of Boron and Boric Acids

Imports into Colombia

Boron oxide and boric acid imports into Colombia soared to X tons in 2021, growing by 64% on 2020 figures. Over the period under review, imports recorded a relatively flat trend pattern. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, boron oxide and boric acid imports surged to $X in 2021. Overall, imports, however, showed a noticeable contraction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Peru (X tons), Turkey (X tons) and Chile (X tons) were the main suppliers of boron oxide and boric acid imports to Colombia, together accounting for 92% of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +22.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Peru ($X), Turkey ($X) and Chile ($X) appeared to be the largest boron oxide and boric acid suppliers to Colombia, with a combined 86% share of total imports.

Among the main suppliers, Turkey, with a CAGR of +17.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for oxides of boron and boric acids stood at $X per ton in 2021, picking up by 6.9% against the previous year. Over the period under review, the import price, however, showed a noticeable downturn. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for oxides of boron and boric acids in the world?

The countries with the highest volumes of consumption in 2021 were the United States, China and Brazil, with a combined 62% share of global consumption. Taiwan Chinese), South Korea, Chile, Russia, Germany, Malaysia, France, Japan and Argentina lagged somewhat behind, together comprising a further 20%.

What are the largest producers of oxides of boron and boric acids in the world?

The country with the largest volume of boron oxide and boric acid production was the United States, accounting for 67% of total volume. Moreover, boron oxide and boric acid production in the United States exceeded the figures recorded by the second-largest producer, Chile, sixfold. Russia ranked third in terms of total production with an 8.4% share.

What are the leading suppliers of oxides of boron and boric acids to Colombia?

In value terms, Peru, Turkey and Chile were the largest boron oxide and boric acid suppliers to Colombia, with a combined 86% share of total imports.

What are the leading importers of oxides of boron and boric acids from Colombia?

In value terms, Ecuador remains the key foreign market for oxides of boron and boric acids exports from Colombia, comprising 80% of total exports. The second position in the ranking was held by Panama, with a 15% share of total exports.

What is the average export price for oxides of boron and boric acids in Colombia?

In 2021, the average export price for oxides of boron and boric acids amounted to $4,946 per ton, shrinking by -1.6% against the previous year.

What is the average import price for oxides of boron and boric acids in Colombia?

In 2021, the average import price for oxides of boron and boric acids amounted to $765 per ton, with an increase of 6.9% against the previous year.

This report provides an in-depth analysis of the market for boron oxide and boric acid in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20132462 -
Prodcom 20132465 -

Country coverage:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023